Meta Slightly Increases Equity Fundraising Plan to $97.5 Billion
Original total was $95 billion. Options for underwriters to purchase additional shares could bring the total to about $103 billion.
Weekday mornings
The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy
Recent Editions
Nvidia Invests $3 Billion in Meta in Deeper AI Partnership
Meta plans to expand its deployment of Nvidia’s advanced chips for its next-generation AI agents.
Anthropic Founders Say They Will Keep Claude Free of Advertising
The founders said they didn't want pressure to increase user engagement.
Anthropic S-1 Highlights Rising Payment Costs
Stripe is a key payment provider for Anthropic.
DoorDash Nears Deal to Buy Instacart in $17 Billion Deal
The Information first reported on Friday that Instacart has been in talks to sell itself
OpenAI Unveils Cheaper Terra Model Amid Anthropic Pricing Battle
The AI lab said GPT-6.1 Terra will cost up to 50% less per token to use than the previous version of the model.
SpaceX Agrees to Pay $40 Billion to Lease Chips from Apollo
The deal is the latest tie-up between a Muck controlled company and the asset manager.
Microsoft Offers Buyouts to 60,000 Employees
The buyout offers represent one of the largest potential staff reductions among large tech firms in recent history.
Anthropic Publicly Files S-1 for Its Planned IPO
Filing of the preliminary prospectus on Monday sets the stage for the AI giant to public in mid-November
Meta Plans to Raise Up To $95 Billion for AI Through Equity Sales
Company plans $35 billion in underwritten public offerings and $60 billion in at-the-market stock sales.
Moonshot AI Launches New Kimi K3.1 Pro Model
The new model cements Moonshot’s position as a leader among Chinese labs offering highly competitive open-source models.
AWS Largely Sold Out Of Capacity Into 2028, Jassy Says
Jassy also said chipmaker Annapurna Labs might be Amazon's best acquisition ever
Instacart Shares Rally 10% After The Information Reports Sale Talks
Any sale would need to surmount antitrust hurdles.
U.S. Treasury Proposes to Widen Outbound Investment Restrictions for China and Other Countries
The proposed regulation expands existing restrictions in AI and semiconductors and adds two new sectors.
DeepSeek Raises Nearly $16 billion in Second Funding Round
The amount is roughly double the company’s first funding round that closed in June.
OpenAI Fundraising Round Set to Close Soon With UAE Investors, Coatue Leading Investment
The company is aiming to raise $30 billion at a $1.25 trillion pre-money valuation.
Exclusive: Physical AI Startup Tractian Becomes a Unicorn
Company adds sensors to equipment to capitalize on AI’s ability to cheaply analyze a variety of data.
Google To Pay Homes and Businesses To Curb Energy Usage
The company is partnering with Voltus to create a 1 gigawatt “virtual power plant”
OpenAI Had Numerous Vulnerabilities Its AI Could Exploit, Evaluators Find
AI safety researchers from nonprofits METR and Redwood Research found the vulnerabilities during a three-week pilot with OpenAI.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy